Homeownership has its ups and downs. With its many benefits, owning a home also comes with the responsibility to fix and repair things when they break. This includes fixing routine leaks, repairing or replacing broken appliances and repairing and maintaining landscaping. Homeowners insurance can protect you in the event of a major loss or natural disaster, but it will not cover the routine failure of your air conditioner.

Home Warranties

If you purchased or maintain a home warranty policy, repair or replacement of the air conditioner may be covered. A home buyer can purchase a home warranty while purchasing a new home. Additionally, a seller may offer a home warranty as an incentive to the homebuyer. Home warranties cover several components of the home including appliances, air conditioning units, heating and plumbing. A typical home warranty will cover replacement costs or repair of an item. Like property insurance, the homeowner must renew home warranty coverage annually.

Homeowners Insurance

If your air conditioner fails because of a major storm or vandalism and these conditions are covered by your homeowners policy, you may file a claim. A typical homeowners insurance policy may cover fire, lightning, vandalism, theft or even frozen plumbing. The insurance company will note excluded events from the policy. In most cases, however, general wear and tear on your air conditioner will not be covered and you will be responsible for repairing or replacing it.

About the Author

Monica Dillon has more than 10 years experience in real estate sales, marketing, investing and appraising. She specializes in energy efficiency building practices and renewable energy. Dillon has been syndicated by the National Newspaper Publisher's Association. Her work has also appeared in the "Journal Of Progressive Human Services."